Market Cap: $2,905,692,986,217
24h Vol: $64,980,493,784
Cryptocurrencies: 26009
Markets: 101336
Cryptocurrencies: 26009
Markets: 101336
Market Cap: $2,905,692,986,217     
24h Vol: $64,980,493,784
Seeking Alpha 2022-12-06 14:11:30

JPMorgan's Jamie Dimon: `Crypto is a complete sideshow'

JPMorgan's Jamie Dimon: `Crypto is a complete sideshow'
JPMorgan ( NYSE: JPM ) Chief Jamie Dimon said "crypto is a complete sideshow" in the wake of the implosion of FTX. "You guys spend too much time on it," Dimon said in an interview with CNBC . "I made my views perfectly clear about crypto tokens are like pet rocks." "The regulators, that have beat up on banks, should focus maybe a little more on crypto," Dimon added. Dimon, long known as a crypto skeptic, called cryptocurrencies "decentralized Ponzi schemes," during Congressional testimony earlier this year. Last October Dimon said he personally believed that bitcoin was worthless. "That doesn't mean blockchain is not real," Dimon said on Tuesday in the interview. "That doesn't mean smart contracts won't be real or Web 3.0, but cryptocurrencies that don't do anything, I don't understand why people spend their time." Last month Mizuho analyst Dan Dolev said he believes that crypto may be done after the recent woes for now bankrupt crypto exchange FTX.
esptco-banner img
Latest News

Videos

  • A Beginner Guide to Web 3.0: Everything You Need to Know About Web 3.0!

  • Solana Coin (SOL): Everything You Need to Know

  • COIN vs TOKEN | Difference Between Coin and Token | Simply Explained!

  • Bitcoin OR Altcoins: Which Is Best? Easy Explanation!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire